Morning Moves
Sold BRCM, for about a 3% loss, to purchase ICE. The ISE bid was too overwhelming for me. If ISE could go for such a premium, then ICE can go for more. (ICE is in a better area of focus and generally executing very well.)
I did not want to play the options here because on a technical level ICE was breaking down to 120, and the premium created by the volatility was too rich for me. So I bought shares.
I would of held on to BRCM, but again due to the tight restrictions on DNDN I do not want to be leveraged with the threat of lossing any of my DNDN shares.
